Category: Starboard
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Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
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(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
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Starboard proposes that News Corp eliminates dual-class shares By Reuters
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(Reuters) – Hedge fund Starboard Value confirmed on Monday it has filed a request with shareholders to scrap the dual shareholding structure that allows Rupert Murdoch to control News Corp (NASDAQ: ), publisher of The Wall Street Journal. Starboard announced its move just days after Reuters exclusively reported that it…
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Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
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(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…